Predicted Resale Value After 5 Years of Ownership: 54.9%
The world has talked about a mid-engine Corvette for eons, and the all-new C8 is finally here. As an American supercar with world-class performance and a starting price below $60,000, the mid-engine 2020 Chevrolet Corvette has earned the distinction of winning the Sports Car category of the 2020 KBB Best Resale Value Awards.
What’s behind the C8’s win? Well, the base Stingray saw its Manufacturer Suggested Retail Price (MSRP) go up only about $1,000, despite substantive changes to the car’s design, styling and performance. Secondly, the previous Stingray’s styling was such a success that it boosted residual values, and we expect the same to be true with the C8. What’s more, the C8’s performance is a huge improvement over the 2019 Vette’s, and we feel that pre-orders and pent-up demand for the new car will result in elevated values.
From our Expert Review: “While the previous Corvette was hardly a slouch, Chevrolet had reached the limits of extraction. Placing the engine in the middle puts more weight over the rear wheels, which enhances acceleration, grip and overall balance. The 2020 Chevrolet Corvette Stingray can do 0-60 mph in less than three seconds and hit a top speed of 194 mph, all while feeling more balanced when thrown into turns.”
Continued: “Yet the Corvette still manages to be livable and quite comfortable for daily commutes. Then there’s the striking design. As either a coupe with a removable roof panel or a convertible, the 2020 Corvette might just be mistaken for an Italian exotic. Perhaps most shocking is the new Corvette’s starting price. Chevy has managed to keep it under $60,000. That’s significantly less than a Porsche 911 or Acura NSX.”
More 2020 Chevrolet Corvette
Build and price your own 2020 Chevrolet Corvette to see this week’s Fair Purchase Price, 5-Year Cost to Own and more, or check out the Corvettes for sale today at dealers near you.
You can also see more sports cars or check out the full list of this year’s Best Resale Value Awards winners.
2nd Place: 2020 Porsche 911
Predicted resale value after 5 years of ownership: 48.9% of original sticker price
Although only the base coupe version of the Porsche 911 sneaks in below $100,000, this classic German sports coupe continues to retain its value in exceptionally strong fashion. Learn more about the 911 or find one for sale near you
3rd Place: 2020 Dodge Charger Scat Pack
Predicted resale value after 5 years of ownership: 46.7% of original sticker price
The 485-horsepower Dodge Charger Scat Pack (under $40,000) and 707-horsepower Charger SRT Hellcat (around $75,000) are as strong underhood as they are in the resale market. Learn more about the Charger Scat Pack and SRT Hellcat or find one for sale near you
